Failed Bank List

Closed Friday, April 28, 2017 · New Orleans, Orleans Parish, Louisiana

First NBC Bank

No bank in Louisiana had failed for five years, since Central Progressive Bank closed in 2011. First NBC Bank was the largest of the 8 bank failures in 2017. No failed bank in Louisiana was larger, of 142 on record there since 1934.

On the books, 2009 to 2017

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$1.5B$3B$4.5B$6B2010201120122013201420152016Closed
Total assets peaked at $4.9 billion in the third quarter of 2016 and were 32% lower at the final report. Equity capital went from 8.3% of assets in the second quarter of 2009 to below zero at the last report. By then 22% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $568 million, was booked in 2016.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$600M−$600M2009: $5.3 million20098.3%2010: $10.4 million20109.0%2011: $17.8 million20119.7%2012: $25.0 million20129.4%2013: $34.5 million201310%2014: $45.4 million201410%2015: −$21.8 million20159.3%2016: −$568 million2016neg.2017: $29.6 million2017*neg.
* 2017: January to March only, the last report before closing.

Size against the other 2017 failures

Total assets of the 8 banks that failed in 2017, log scale$10M$100M$1B$10B
Total assets of each 2017 failure, log scale; First NBC Bank in red.

Across the failures of 2017, the median estimated loss came to 16% of assets. Ranked by estimated loss, it is 51st of 2,944 failures since 1934. The next-largest failure of that year was Guaranty Bank, (d/b/a BestBank in Georgia & Michigan) of Milwaukee, Wisconsin ($1.0 billion, loss 13% of assets). Every 2017 failure in the explorer.

Failures in Louisiana

No bank in Louisiana has failed since. Orleans Parish has 23 failed banks on FDIC record since 1934. Closest in time: Southern Savings Bank, SSB (1990), First City Bank (1991), Dryades Savings and Loan Association (1991), Oak Tree Savings Bank, S.S.B. (1991), Carrollton Homestead Association (1992).

Bank failures in Louisiana per year, 1980 to 20260153045601983: 11984: 11985: 71986: 81987: 191988: 111989: 531990: 181991: 81992: 41993: 11997: 12002: 12010: 12011: 12017: 119801990200020102020
Per year since 1980, 2017 in red. Every Louisiana failure

FDIC certificate 58302 · loss estimate as of July 31, 2026 · How to read this page